The renter clientele is much more consistent and typically the appreciation is as well so it makes for a more passive investment.

There are some self storage brokers as well (bellomy, argus etc) - google search for self storage brokers, sign up for their listings and flyers then start to analyze the properties.

Lastly area of 1 mil to 2 mil homes and you bought it for 7k.. my first hunch is something is potentially really wrong with it.. normally lots in those types of areas would sell well north of 100k if your building 1 to 2 mil homes.. thats how the math generally works to back into land values.

This should be your strategy if you’re upside down on the property, not if you've done well.

Problem is everywhere I see them, it’s always during a week night which does not work well with my work schedule.

Lower loan amounts also do not fair well with lower rates.

I’ve always believed him to possibly be on the spectrum and have recognized that he does not handle correction well… AT ALL.

The owner of the lending company I work for owns 160 rental properties here in Baltimore and we understand the market very well.

Exit strategy is huge as well - this was probably the biggest tense point in negotiations for my deal.   

Well said.